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Aberdeen-based offshore contractor OEG Energy has acquired Liverpool-headquartered provider of specialist operations and maintenance (O&M) and training services to the offshore wind sector Offshore Painting Services (OPS Wind). OPS Wind will join the OEG’s renewables business and sit within its topside service line. The company provides composite protective solutions, has around 100 service & maintenance technicians and operates a training facility in Liverpool. “This strategic and highly complementary acquisition will strengthen and expand our topside service line as well as introduce a valuable new training offering to develop the skills and knowledge offshore personnel need to safely work and perform critical operations on offshore wind assets,” said Eric Briar, managing director at OEG Renewables. OEG has been expanding its renewables unit which has since 2020 ramped up its specialist service and product offering with 14 acquisitions. Last year, the group raised $140m to pursue further expansion into the renewables sector and continue its acquisitive path. Total commitments comprised a $36m term loan and a $104m revolving credit that followed the company’s partnership with funds managed by US private equity firm Oaktree Capital Management. |
